May 18, 2011 (TheNewswire.ca) --
SUPREME RESOURCES LTD. (SPR.V- SPRWF-OTC)(the "Company") is pleased to provide an update on its 2011 exploration program on its 100% wholly owned Ample Goldmax Property.
The Ample Gold Max property is located 8 kms west of Lillooet, BC along Highway 99 South, better known as the Duffy Lake Road. The property comprises 294 units, or 5,828 hectares (5.82 sq km)
As previously announced in February 2011 the company commenced a Soil Geochemical Survey on the property. (See News Release dated February 17, 2011 "New Quartz Vein and Adits Discovered at Ample Gold Max")
A soil geochemical survey was completed over an area of 1600 meters by 700 meters, with soil & rock samples taken at intervals of 20 meters.
The survey was conducted on the North Seton Lake side of the property in close vicinity to the newly discovered quartz vein as previously announced in February 17, 2011.
The samples have been shipped to the labs for analysis, the results will be forthcoming.
The survey is expected to define and establish gold trends within this new area on the property.
The Ample-Goldmax Property has an established trend of mineralized zones along the
Cayoosh Creek Fault for more than 3 kms.
Many of the mineralized zones like the Ample-Goldmax, Bonanza Ridge zones display visible free gold and abundant sulphide lenses, along a strike length of showings over 1km in length.
Ample Gold Max property has returned gold values of up to 66.34 grams /tonne (2.13 ounces gold /tonne). (See News Release dated February 28, 2008 "Ample-Goldmax 2008 Exploration Program")
Previous drilling results by Homestake and Gold Ore include an 8.2m intersection with
11.76g/t gold, 4.5g/t Au over 7.2m, 9.5g/t Au over 1.5m, and 3.9g/t Au over 5.0m. (See
News Release dated February 26, 2008 "Ample Gold Max Exploration.)
Supreme's drill hole AG-08-38, which was a "twin" to Homestake's hole AG 96-07
intersected 6.05m of strongly quartz-veined greenstone and graphite phyllite from
30.12m to 36.17m, accompanied by arsenopyrite, pyrite, and pyrrhotite.
Visible gold was observed at two locations within the AG-08-38 drill core. (See News Release dated September 25, 2008 "More Visible Gold Encountered At Ample-Goldmax")
A 43-101 Technical Report dated July 24, 2007 written by Ms. Jennifer S. Getsinger, PhD, P.Geo states;
"Gold mineralization is in mesothermal, epigenetic native gold-bearing quartz veins, gold-
arsenopyrite sulphide zones, and also disseminated within other rock types, associated
with faulting and fold structures in Cayoosh Assemblage metasedimentary rocks below
Bridge River complex greenstone and chert and in some places with dykes. The Ample-
Goldmax zone is at least 200 m wide and 200 m down dip and open to the west and
northeast. Gold grades range from trace to more than 2 oz/ton (66.34 grams per tonne)
gold in quartz veins, and drilling results included an 8.2 m intersection with 11.76 g/t
gold, as well as 4.5 g/t Au over 7.2 m, 9.5 g/t Au over 1.5 m, and 3.9 g/t Au over 5.0 m.
Thus the area is an appropriate target for searching for a potential gold mine."
(A copy of the full report can be found at www.sedar.ca.)
Supreme Resources will use these results from the geochemical survey to assist the geologist with the preparation future exploration programs.
Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD
"Allan Levien"
____________________________
Allan Levien
President
Contact: Allan Levien CEO/President
(604) 941 3716
aelevien@supremeresourcesltd.com
Alternative Contact: David Joseph
(604)-569-1801
About Supreme Resources Ltd (TSXV:SPR) (OOTC:SPRWF) :
Supreme Resources Ltd. (SPR - TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.
Website: www.supremeresourcesltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company's future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.
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